2016 New Hampshire Revised Statutes
Title X - PUBLIC HEALTH
Chapter 125-O - MULTIPLE POLLUTANT REDUCTION PROGRAM
Section 125-O:20 - Definitions.

[RSA 125-O:20 repealed by 2012, 281:11, II, effective as provided by 2012, 281:17.]     125-O:20 Definitions. –
    In this subdivision:
    I. "Affected CO₂ source'' means any source with one or more fossil fuel-fired electricity generating units having a nameplate rated capacity equal to or greater than 25 megawatts.
    II. "Budget allowances'' means those RGGI allowances comprising the state annual budget for CO₂ emissions specified in RSA 125-O:21, II.
    III. "Commission'' means the public utilities commission.
    IV. "Compliance period'' means a 3 calendar year time period. The first compliance period is from January 1, 2009 to December 31, 2011. Each subsequent sequential 3 calendar year period is a separate compliance period.
    V. [Repealed.]
    VI. "Department'' means the department of environmental services.
    VII. "Early reduction allowances'' means allowances provided to affected CO₂ sources for eligible projects undertaken which have the effect of reducing emissions at the affected CO₂ source by an absolute reduction of emissions during calendar years 2006, 2007, and 2008, from a baseline approved by the department, through emission rate improvements or permanently reducing utilization of one or more units at a source.
    VII-a. "FCPBA'' means "first compliance period banked allowances'' which equals all of the 2009, 2010, and 2011 vintage RGGI allowances that are banked by any person, excluding any state participating in the RGGI program, as of January 1, 2014, multiplied by 8,620,460 and divided by the product of 165,184,246 times 7.
    VIII. [Repealed.]
    IX. "Market settling period'' means the first 14 months of any compliance period.
    X. "Offset allowances'' means allowances issued to projects determined to be eligible by the department undertaken outside of the electric power sector to reduce CO₂ or CO₂ equivalent emissions.
    XI. "PSNH'' means Public Service Company of New Hampshire or any successor to the company's public utility franchise.
    XII. "Regional greenhouse gas initiative'' or "RGGI'' or "RGGI program'' means the program to implement the memorandum of understanding (MOU) between signatory states, dated December 20, 2005, as amended, and the corresponding model rule as amended February 7, 2013, to establish a regional CO₂ emissions budget and allowance trading program for emissions from fossil fuel-fired electricity generating units.
    XIII. "Regional organization'' means a non-profit organization formed by the signatory states to RGGI to provide technical and administrative assistance for such things as: emissions and allowance tracking, offsets development and implementation, allowance market monitoring, and data collection. The organization shall have no regulatory or enforcement authority.
    XIV. "Retire'' means submitting a RGGI allowance to the department for compliance or other purpose or retaining a RGGI allowance by the department such that the allowance may never be sold or otherwise used again.
    XV. "RGGI allowance'' means a limited authorization to emit one ton of CO₂ issued by the department or other RGGI signatory state in accordance with this subdivision or the RGGI program and shall include budget allowances, offset allowances, and early reduction allowances.
    XV-a. "SCPBA'' means "second compliance period banked allowances'' which equals all of the 2012 and 2013 vintage RGGI allowances that are banked by any person, excluding any state participating in the RGGI program, as of March 15, 2014, minus the total 2012 & 2013 CO₂ emissions from all regional sources subject to RGGI, multiplied by 8,620,460 and divided by the product of 165,184,246 times 6.
    XVI. [Repealed.]
    XVII. [Repealed.]

Source. 2008, 182:2. 2013, 236:2-5, 15, eff. Jan. 1, 2014.